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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans, including fees $ 5,494 $ 5,763 $ 10,906 $ 11,490
Securities - Taxable 1,056 985 2,167 2,000
Securities - Tax-exempt 476 544 929 1,093
Federal funds sold and interest bearing bank deposits 27 311 306 663
Total interest income 7,053 7,603 14,308 15,246
Interest expense:        
Deposits 981 1,004 2,022 2,025
Short-term borrowings 2 2 4 4
Total interest expense 983 1,006 2,026 2,029
Net interest income 6,070 6,597 12,282 13,217
Provision for loan losses 450 0 850 0
Net interest income after provision for loan losses 5,620 6,597 11,432 13,217
Noninterest income:        
Service charge on deposit accounts 126 176 298 360
Mortgage lending 683 187 913 376
Bank-owned life insurance income 108 107 506 217
Other noninterest income 365 407 794 1,079
Securities gains, net 81 8 87 13
Total noninterest income 1,363 885 2,598 2,045
Noninterest expense:        
Salaries and benefits 2,597 2,799 5,428 5,737
Net occupancy and equipment 920 381 1,517 765
Professional fees 389 275 647 503
Other noninterest expense 1,053 1,174 2,223 2,235
Total noninterest expense 4,959 4,629 9,815 9,240
Earnings before income taxes 2,024 2,853 4,215 6,022
Income tax expense 363 546 753 1,172
Net earnings $ 1,661 $ 2,307 $ 3,462 $ 4,850
Net earnings per share:        
Basic and diluted earnings per share $ 0.47 $ 0.64 $ 0.97 $ 1.35
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,566,166 3,577,409 3,566,156 3,595,972